Shared Practices | Your Dental Roadmap through Practice Ownership

Shared Practices offers Analytics-based Practice Management only twice a year. Today we interview course attendees. From exploring our hygiene-led philosophy, which has led to an average of 37-39% year-over-year collections growth, to discussing the practical takeaways and personal experiences. Listen to real-life, effective strategies for dental practice growth. Talk to our Coaches 👉 https://forms.gle/h97r1MHqi8pSp8zV7

Part 2 delves deeper into Andrew's experiences post-acquisition. Here, Andrew shares the early stages of running his practice, including adapting to new responsibilities and unexpected challenges. This episode focuses on the transition from closing the deal to actual practice management, providing listeners with a realistic glimpse into the life of a new dental practice owner.

Shared Practices' very own coaches Caitlin and Danielle continue our series on dental assistants. Are you underutilizing your assistants? Do you even know how to empower them to do more? We're diving into what a good dental assistant does day in and day out. You'll hear a lot more great content in Part 3 as well, so check out the whole series! Talk to our Coaches 👉 https://forms.gle/h97r1MHqi8pSp8zV7

Richard Low sits down with Brannon Moncrief of McLerran + Associates. Brannon, with over two decades in the dental industry, discusses the evolution of his firm from a small Texas-based practice brokerage to a leader in DSO and private equity transactions. We talk about the complexities with selling to DSOs, and we highlight the importance of understanding the changing dynamics of practice valuations and sales strategies. Talk to our Coaches 👉 https://forms.gle/h97r1MHqi8pSp8zV7

Merlin chats with Andrew, exploring his journey from dental student to practice owner. Andrew candidly discusses the hurdles and highlights of his final year in dental school and the steps he took towards acquiring his own practice. His insights on the intricacies of closing on a practice, from negotiations to legal details, offer valuable lessons for aspiring owners.

Ask the Coaches 👉 https://forms.gle/h97r1MHqi8pSp8zV7 Shared Practices' Suzanne Rassy and Traci Roland host Dr. Blake Anderson as they talk about his inspiring journey from graduating in 2021 to owning a practice. With his father as a role model in private dental practice, Dr. Blake always envisioned owning his practice and found the perfect fit with an underperforming clinic ripe for transformation. Despite initial hurdles like limited data access and an outdated software system, Dr. Blake, with Traci’s guidance, implemented strategic changes, significantly improving patient retention and hygiene reschedule rates. Traci commends Dr. Blake's unwavering positivity and humility throughout his practice ownership journey, emphasizing his unique approach to patient care and treatment acceptance. This episode offers a deep dive into the realities of turning a struggling practice into a success story, highlighting the importance of mentorship, resilience, and the right mindset in the world of dental entrepreneurship.

Ryan Isaac, from Dentist Advisors, talks with Richard about the lighter side of finance, how our personal lives intersect with our financial decisions, and the evolution of language and trends, particularly in the context of his teenage daughter's ever-changing lexicon. They draw parallels between the emotional bonds we form with people and the bonds we form with money. Ask the Coaches 👉 https://forms.gle/h97r1MHqi8pSp8zV7

We have the privilege of hosting Colin Carr, founder of CARR. Colin shares his incredible journey from managing apartment complexes to becoming a leading expert in healthcare real estate. He sheds light on the often-overlooked aspects of commercial real estate in the context of healthcare, especially for dentists and practice owners. Colin emphasizes the importance of seeking professional representation when entering the commercial real estate market and assembling the right team, including lenders and attorneys. He provides valuable insights into the intricate world of healthcare real estate negotiation, stressing that every interaction sets the tone for the negotiation. Colin also highlights the significance of convincing landlords of the value a dentist can bring to their property, even before exploring specific properties. In Part 2, Colin shares how healthcare providers (including dentists) can increase their net worth by seven figures through commercial real estate. Whether you're a seasoned practitioner or a recent graduate, this episode offers invaluable guidance for navigating the complexities of healthcare real estate.

Shared Practices' very own coaches Caitlin and Danielle talk about onboarding dental assistants, trusting your lead assistant, and how to truly empower your dental assistants. You'll hear a lot more great content in Part 2 as well, so check out the whole series! Ask the Coaches 👉 https://forms.gle/h97r1MHqi8pSp8zV7

Eleven ops, 40 team members, four GP's, three specialists...Dr. Richard Low and Dr. Paul Etchison talk about Paul's incredible practice, the journey he's had to get there, and whether it's all worth it. Ask the Coaches 👉 https://forms.gle/h97r1MHqi8pSp8zV7

We have the privilege of hosting Colin Carr, founder of CARR. Colin shares his incredible journey from managing apartment complexes to becoming a leading expert in healthcare real estate. He sheds light on the often-overlooked aspects of commercial real estate in the context of healthcare, especially for dentists and practice owners. Colin emphasizes the importance of seeking professional representation when entering the commercial real estate market and assembling the right team, including lenders and attorneys. He provides valuable insights into the intricate world of healthcare real estate negotiation, stressing that every interaction sets the tone for the negotiation. Colin also highlights the significance of convincing landlords of the value a dentist can bring to their property, even before exploring specific properties. In Part 2, Colin shares how healthcare providers (including dentists) can increase their net worth by seven figures through commercial real estate. Whether you're a seasoned practitioner or a recent graduate, this episode offers invaluable guidance for navigating the complexities of healthcare real estate.

Dr. Richard Low and Dr. Paul Etchison talk about Richard's "mid-life crises", mistakes & bumps in growing and clinically retiring from practicing...plus real estate and way more. Ask the Coaches 👉 https://forms.gle/h97r1MHqi8pSp8zV7

Alex, Caitlin, and our special guest Derek showcase the entire gammut of Shared Practices' offerings. We talk about Derek's journey into ownership, finding the right (though unconventional) practice for him, and his planned 10-op practice. Ask the Coaches 👉 https://forms.gle/h97r1MHqi8pSp8zV7

In this Billion Dollar Podcast simulcast, George and our guest Adam Weber from Crowd Out talk about insights on the complexities involved in appearing on a podcast as a registered investment advisor, touching on SEC compliance, liability, and the responsibility of acting as a fiduciary. The challenges faced by commercial banks, the importance of partnership in portfolio companies, and the unique perspective that Crowd Out brings to the table by analyzing different types of businesses, and much more.

Merlin and Dr. Andrew Glover continue their conversation about the vulnerability of having a podcast, leadership skills you learn in residency, and his myriad invaluable experiences in the US Air Force. Dr. Andrew Glover's Instagram: @AG_Glover

Richard and Caitlin talk about the challenges and considerations when discussing dentures and implants in a dental practice. They delve into when to recommend full arch dentistry and the various options available, including all on four implants. They also touch on the pricing and multidisciplinary nature of these procedures, providing valuable insights for dental practice owners and their teams. Ask the Coaches 👉 https://forms.gle/h97r1MHqi8pSp8zV7

Dr. Steven Vorholt shares his journey from following other dentists on Instagram to speaking at a doctor's meeting for the Shared Practices Group. Dr. Vorholt talks about his initial ignorance about the group's expansion and how his research before a phone call with the Chief Operations Officer, Dr. Matt Guarino, led him to a better understanding of the organization. He reveals the quick and efficient strategies of the group for starting new locations by finding already plumbed and vacant dental offices, which struck a chord with him and initiated a conversation with Matt Ford, the Business Development Officer. Dr. Vorholt discusses the factors that influenced his interest in Shared Practices Group, including the doctor-led philosophy, enticing doctor retention model, and the speed of their operations compared to other implant-centered DSOs. He also shares his personal motivations for considering a move to California, expressing appreciation for the group's willingness to operate there despite the challenges faced by other DSOs.

Merlin and Dr. Andrew Glover talk about the vulnerability of having a podcast, leadership skills you learn in residency, and his myriad invaluable experiences in the US Air Force. Dr. Andrew Glover's Instagram: @AG_Glover

Dr. Steven Vorholt shares his journey from following other dentists on Instagram to speaking at a doctor's meeting for the Shared Practices Group. Dr. Vorholt talks about his initial ignorance about the group's expansion and how his research before a phone call with the Chief Operations Officer, Dr. Matt Guarino, led him to a better understanding of the organization. He reveals the quick and efficient strategies of the group for starting new locations by finding already plumbed and vacant dental offices, which struck a chord with him and initiated a conversation with Matt Ford, the Business Development Officer. Dr. Vorholt discusses the factors that influenced his interest in Shared Practices Group, including the doctor-led philosophy, enticing doctor retention model, and the speed of their operations compared to other implant-centered DSOs. He also shares his personal motivations for considering a move to California, expressing appreciation for the group's willingness to operate there despite the challenges faced by other DSOs.

"I think scalability's overrated and I think a company is nothing more than a group of people" Richard talks with founder of SweatyStartup.com, Nick Huber, about his transformation from starting a student moving company to establishing a $100 million self-storage empire. Nick shares insights on the importance of people management, the challenges of scalable growth, and the parallels between his journey and the world of dentistry. Nick Huber's: Website YouTube Twitter Newsletter Podcast More links: Business Brokerage - https://nickhuber.com/ Personal Brand - https://sweatystartup.com/ Self Storage - https://boltstorage.com/ Bold SEO - https://boldseo.com/ Insurance - https://titanrisk.com/ Recruiting - https://recruitjet.com/ Landing Page / Web Development - https://webrun.com/ Overseas Staffing - https://supportshepherd.com/ Debt and Equity - https://bluekeycapital.com/ Tax Credit - https://taxcredithunter.com/ Cost Segregation - https://recostseg.com/ Performance Marketing - https://adrhino.com/ Pest control - https://spidexx.com/